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Indicators are optimistic, however pandemic isn’t over but: HCL Tech CEO C Vijayakumar

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In an interview with ET, HCL Tech president and CEO C Vijayakumar mentioned though demand for digital applied sciences is accelerating, the chief matter of concern is that the Covid-19 pandemic continues to be raging. Vijayakumar additionally mentioned HCL Tech had no speedy plans for a buyback in contrast to a few of its friends and is as a substitute giving out a better dividend. Edited Excerpts:

ON ‘CAUTIOUS’ OPTIMISM


All the indications of demand and demand pipeline, deal closures, and many others, are trying optimistic. But, remember we’re nonetheless in the midst of this pandemic and even final week some geographies introduced lockdowns. So, whereas we consider we are able to navigate it as a result of lots of work is getting performed remotely, that’s only one component now we have to bear in mind earlier than we grow to be extraordinarily optimistic about every part.

ON CONCERNS


Most shoppers need to proceed their transformation programmes as they consider that these programmes are very important to rising the resilience of the enterprise and rising relevance and modernisation – all of that is essential. So, there was an preliminary stoppage of tasks, perhaps in March-April. But very quickly they recognised that they should prioritise the important thing tasks, after which be certain that these are progressing effectively. And, that’s the reason you see the income steerage we gave versus what we actually delivered, is as a result of lots of prospects that ramped down, shortly reprioritised and mentioned these are the areas which we would like you to work on.

Which are the pressured sectors?


The sectors that are seeing fast value discount are the vitality sector, some segments of retail CPG – prospects who’ve seen some important contraction in demand. They’re easy methods to get the demand again.




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